First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Short Interest Update

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 71,600 shares, a decline of 74.6% from the August 15th total of 282,000 shares. Based on an average daily volume of 796,700 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FTSM. LPL Financial LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF by 6.6% in the 2nd quarter. LPL Financial LLC now owns 8,568,887 shares of the company’s stock worth $510,706,000 after buying an additional 530,475 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 821.2% during the 4th quarter. First Trust Advisors LP now owns 1,731,013 shares of the company’s stock worth $103,272,000 after purchasing an additional 1,543,108 shares during the period. Cetera Investment Advisers grew its holdings in First Trust Enhanced Short Maturity ETF by 453.9% during the 1st quarter. Cetera Investment Advisers now owns 1,612,862 shares of the company’s stock valued at $96,159,000 after purchasing an additional 1,321,695 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in First Trust Enhanced Short Maturity ETF by 4.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 1,388,183 shares of the company’s stock worth $82,736,000 after purchasing an additional 56,415 shares during the period. Finally, Raymond James & Associates lifted its stake in First Trust Enhanced Short Maturity ETF by 20.1% in the second quarter. Raymond James & Associates now owns 1,147,010 shares of the company’s stock worth $68,362,000 after purchasing an additional 192,229 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of NASDAQ:FTSM traded up $0.01 during mid-day trading on Thursday, reaching $59.98. The stock had a trading volume of 770,303 shares, compared to its average volume of 844,437. The business’s 50 day moving average price is $59.87 and its 200 day moving average price is $59.77. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.41 and a 1 year high of $60.06.

First Trust Enhanced Short Maturity ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 30th were given a dividend of $0.247 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.94%.

First Trust Enhanced Short Maturity ETF Company Profile

The First Trust Enhanced Short Maturity ETF (FTSM) is an exchange-traded fund that is based on the Bloomberg U.S. Short Treasury Bond index. The fund is actively-managed to invest in a variety of fixed income securities with a target maturity of less than three years. FTSM was launched on Aug 5, 2014 and is managed by First Trust.